Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 1,150 shares of Varonis Systems stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $38.35, for a total value of $44,102.50. Following the sale, the chief financial officer now owns 96,295 shares in the company, valued at $3,692,913.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Guy Melamed also recently made the following trade(s):

  • On Friday, August 4th, Guy Melamed sold 6,562 shares of Varonis Systems stock. The stock was sold at an average price of $39.50, for a total value of $259,199.00.
  • On Friday, June 23rd, Guy Melamed sold 5,074 shares of Varonis Systems stock. The stock was sold at an average price of $37.50, for a total value of $190,275.00.

Shares of Varonis Systems, Inc. (NASDAQ VRNS) traded up 1.41% on Friday, reaching $39.45. The company’s stock had a trading volume of 321,711 shares. The stock’s market capitalization is $1.09 billion. Varonis Systems, Inc. has a 52 week low of $24.45 and a 52 week high of $40.00. The stock has a 50-day moving average of $38.00 and a 200 day moving average of $34.46.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The firm had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $47.50 million. During the same period last year, the firm posted ($0.12) EPS. The business’s revenue was up 30.1% on a year-over-year basis. On average, analysts expect that Varonis Systems, Inc. will post $0.09 EPS for the current year.

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Several research firms have issued reports on VRNS. BidaskClub downgraded Varonis Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 price target on shares of Varonis Systems in a report on Thursday, July 20th. Barclays PLC reiterated a “hold” rating and issued a $45.00 price target on shares of Varonis Systems in a report on Wednesday, July 19th. Needham & Company LLC boosted their price target on Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Varonis Systems in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.60.

A number of hedge funds have recently added to or reduced their stakes in VRNS. Oppenheimer Asset Management Inc. acquired a new stake in Varonis Systems during the 2nd quarter valued at $122,000. Fortaleza Asset Management Inc. acquired a new stake in Varonis Systems during the 2nd quarter valued at $151,000. Legal & General Group Plc increased its holdings in Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares in the last quarter. Adams Street Partners LLC acquired a new stake in Varonis Systems during the 2nd quarter valued at $163,000. Finally, Van ECK Associates Corp increased its holdings in Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after purchasing an additional 296 shares in the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

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